April 17, 2013

Apple (AAPL)


Bias: Bullish
Price Target: $450


We are bullish on AAPL given the magnitude of downward move. We want to purchase a call vertical to take advantage of a possible move higher.


BUY To OPEN 1 May-18 AAPL 425 Call trading at $10.10
SELL To OPEN 1 May-18 AAPL 450 Calls trading at $4.65


AAPL is now trading at $400
This spread is now trading at $5.45
The Total Debit for this trade is $5.45


Day Order Only

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